Tubular Asset Management

Industry:

Oil & Gas

Maximo Version:

7.1 (at the time of deployment)

Solution Components:

Maximo Enterprise

Major Business Benefit:

Improved Inventory Accuracy

Reduction in manual inventory counts

Solution Overview

Ontracks has developed and deployed a Tubular Asset Management solution allowing tube and pipe inventory to be tracked by both feet and joints simultaneously. Out-of-the-box Maximo supports tracking of inventory in one measurement unit, providing only static conversions to other measurement units. In the oil and gas industry where the number of joints stocked in inventory is just as important as the stocked length of pipe, it is crucial that IBM Maximo keep an accurate record of both measurements at any given point in time.

The solution provides the following enhancements to Maximo:

Receiving: Upon receipt of a tubular item, a user may enter the number of joints received, in addition to the quantity of feet received. Receiving creates an inventory transaction which updates both foot and joint quantities available on-hand.

Issuing: Upon issuing a tubular item, a user may enter the number of joints and feet to be issued. Issuing creates an inventory transaction which updates both foot and joint quantities available on-hand.

Inventory Adjustments: In the event that joint counts need to be updated for an item in inventory, a Joint Count Adjustment feature was deployed.